Clipper Realty Q4 revenue dips
Overview
Real estate firm's Q4 revenue declined yr/yr, missing analyst expectations
Net loss widened significantly due to office property issues
Residential revenue rose 9.5% driven by strong leasing
Outlook
Company expects Prospect House property to stabilize in 2026
Result Drivers
RESIDENTIAL LEASING - Strong demand and high occupancy in residential properties drove a 9.5% increase in residential revenue
OFFICE PROPERTY CHALLENGES - Termination of NYC lease at 250 Livingston St and settlement expenses at 141 Livingston St led to decreased commercial revenue
Company press release: ID:nBw5v3LWna
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $37.10 mln | $38.10 mln (1 Analyst) |
Q4 Net Income |
| -$11.30 mln |
|
Q4 Adjusted FFO |
| $1.70 mln |
|
Q4 Dividend |
| $0.10 |
|
Q4 Income From Operations |
| $8.10 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "sell"
The average consensus recommendation for the residential reits peer group is "buy."
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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